FLY_TRADING

FLY_TRADING Updated 

US OIL: We have an opportunity to bait this instrument to the short side, Oil historically is negatively correlated to the USD. We are in the 'supply' zone of a multi-decade channel. It is wedging up on the 1h TF and has previously rejected the bearish 0.618 fib level. Potentially breaking to the upside currently but the 1h candle has yet to close to...

FLY_TRADING

USD/CAD has been in a severe downtrend over the last months, it has now reached a significant area of interest, namely the 50% retracement level from the bullish move that occurred between 2011 and 2016. On the weekly TF, price has printed a doji candle confirming the market is undecided as to it’s next move. We have opened this week’s candle with price...

FLY_TRADING

we've broken above 79.000 so looking for any pull back to take this higher, Join our free telegram for charts and analysis

FLY_TRADING

AUDJPY has had some quite nice price action of late, on the daily chart we reacted off the 618 bullish fib and created targets around the 76.000 level. there is a setup right here now on market open off the 4hr ema, we are swinging really nicely on the 4hr so its definitely a valid setup however its certainly worth noting that the 85.000 level has some very strong...

FLY_TRADING

We have a possible double top on cable. We are wedging up on the lower timeframes, price may be being capped currently by the bearish 1h 0.382 fib line. We can wait for a break and retest of the structure to add to the position if price action confirms our thesis, but a good opportunity presents to establish an initial small position at low risk entry point...

FLY_TRADING

Morning guys, Please see our analysis of GBPCAD, we have been masking a rising wedge on the 4 hourly TF, the is a bearish pattern. We have no broken the wedge and are now retesting the underbelly, for added confluence we also have the 50% fib level and both the 4hr EMA and 1hr EMA overlap in the same place. We can use our daily fib to target 1.66631. with a 35...

FLY_TRADING

Hello Everyone Please see our analysis on AUDNZD Our confluence for a long position Break and retest of descending trendline Break and retest of 4 hr ema resistance now turned support 3rd tap ascending trendline 50% fib level 1:5 RR Like this set up? then why not follow our free telegram group for more chart ups. links below.

FLY_TRADING

Hello Everyone, Potential 4 hour short setup forming on CHFJPY, We have broken the ascending trendline which has held price for the past two months and we now seem to be forming a head & shoulders which is a reversal pattern, the right shoulder lines up with a break retest of our trendline and 618 FIB level. Hoping to short this down to our ascending daily...

FLY_TRADING

HI Everyone, Over the last few days we have been watching the JPYBASKET get squeezed in a falling wedge which is a possible reversal pattern, we have now broken out of this wedge to the upside and we now seem to be forming an inverse head and shoulders pattern. The right shoulder lines up perfecting with the .786 fib and a break - retest of the wedge, I am...

FLY_TRADING Updated 

Morning Guys, Our analysis for EURJPY, We are looking to take this higher from the current level 1:3.5RR 25 pip stop

FLY_TRADING

Looking for a continuation to the downside on EURGBP, We have a break and retest of the counter trendline, EMA, 50% fib and support turned resistance! 1:5 RR with a 25 pip stop! if you like this setup then why not check out our free telegram group below! also check out our recent trades on Trading View and how they've played out

FLY_TRADING

After taking good profits from our short trade posted yesterday. We are now bull flagging on the longer TF's, we are therefore long and strong ETH from 3350 Our targets for the trade are the previous ATH then up to 6690 max target within our current price analysis.

FLY_TRADING Updated 

ETH has been following our previous structure well. Having taking profits last night, we are now looking to re-enter short. Price is at mid-line resistance with bullish trend exhaustion showing on lower lower TF's. We enter short with S/L at 3605 and Tgt of 3150.

FLY_TRADING

Please note, STOCK Trades will be exclusive content in the premium channel, we will put out some samples occasionally. Once we build our holdings up, we will run a virtual portfolio for stocks in the Premium Channel Service of 10 – 20 positions. BUY - AG BARR - BAG:LSE Buy up to price – 540p, initial Target 620p AG BARR are a successful soft drinks company....

FLY_TRADING Updated 

Hello Everyone Not long to go until the markets open! here is a potential four hour short setup on NZDCAD, Price is already at our AOI (Area of Interest) and we are waiting for a confirmation at this level to short it! We have two possible entries for you! First entry is at the current level off the 618% fib level, trendline touch, ema and support now turned...

FLY_TRADING

Morning All, We are looking to take NU higher from this level after we have broken and retested the descending counter trendline, we also have a 1 hour ema in play with price around the 382 fib level. topped off with a engulfing 1 hour candle stick showing us that the bulls are back in control. 1:4.23 RR with a 30 pip stop

FLY_TRADING

Hello Everyone! Here we have some technical analysis for you on GBPAUD on the four hourly timeframe! We can see price has previously struggled to break 1.80600 but finally made the move higher last week, we are now coming back down to retest this level as well as our EMA and .382 Fib level. I am anticipating upside from here and will be entering a long position...

FLY_TRADING

BTC has respected the 1.618 fibonacci trend extension on our daily charts and has turned lower as it consolidates. We can see that price is currently at our 0.786 support level. On the lower TF, we can see BTC is struggling to hold this line and looks like it's heading for our next fibonacci support level as shown on the lower TF chart below.